Charlie Munger, Warren Buffett Built Berkshire Hathaway to Thrive After They’re Gone

Plus, what the holiday shopping season could reveal about consumer spending in 2024.

Sarah Hansen, Morningstar Inc markets reporter, discusses why optimism and worry loom over the holiday shopping season. Gregg Warren, strategist for Morningstar Research Services, talks about how Munger’s passing will impact Berkshire and his outlook for the company. He also shares one of his favorite quotes from the sharp-witted investing legend. 

00:42 Instacart’s Competition

01:51 Lululemon’s Q3 Beats Morningstar’s Expectations

03:32 Holiday Shopping Season and Consumer Spending

04:28 Retailers’ Mood

05:50 Sales Expectations

08:59 How the Loss of Charlie Munger Could Impact Berkshire Hathaway

10:05 Charlie Munger & Warren Buffett Laid the Groundwork for a Successful Transition

12:07 Morningstar’s Outlook on Berkshire Hathaway’s Stock

13:57 How Charlie Munger and Warren Buffett Inspired Investors

16:59 Favorite Charlie Munger Quote



Read about topics from this episode.

Instacart: Market Dominance at Risk With Heightened Competition https://www.morningstar.com/stocks/instacart-market-dominance-risk-with-heightened-competition

Lululemon Earnings: Strong Momentum Leading Into a Competitive Holiday Period https://www.morningstar.com/stocks/lululemon-earnings-strong-momentum-leading-into-competitive-holiday-period

November Jobs Report Shows Steady Strength in Hiring https://www.morningstar.com/markets/november-jobs-report-shows-steady-strength-hiring

Markets Brief: Why Investors Should Pay Extra Attention to Shopping Trends This Holiday

https://www.morningstar.com/markets/markets-brief-why-investors-should-pay-extra-attention-shopping-trends-this-holiday-season

Why Berkshire Hathaway’s Success Will Continue After Charlie Munger ... and Warren Buffett https://www.morningstar.com/stocks/why-berkshire-hathaways-success-will-continue-after-charlie-munger-warren-buffett



What to watch from Morningstar.

Why Are Active ETFs Everywhere, and Are Investors Abandoning Mutual Funds?

https://youtu.be/11dFdYUgdtU?si=lFOV2FS_ssXxnx9s

Timing the Market Doesn’t Work — We Did the Math https://youtu.be/9_rxuvrxMmc?si=ylGi_Olz5gHNyQ4O

Make the Most of Your HSA Benefits and Investments in 2024 https://youtu.be/2zPAQcSf0Pw?si=CjJyf5pTlHTMBWRD

Headwinds Hold Airlines Back, But Check Out These Travel Stocks for the Holidays https://youtu.be/Dd1H9tQ8Hp8?si=VaX9p-aDIpajlKGJ



Read what our team is writing:

Sarah Hansen https://www.morningstar.com/people/sarah-hansen

Greggory Warren https://www.morningstar.com/people/greggory-warren

Ivanna Hampton https://www.morningstar.com/people/ivanna-hampton



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Видео Charlie Munger, Warren Buffett Built Berkshire Hathaway to Thrive After They’re Gone канала Morningstar, Inc.